A gauge of future U.S. economic activity declined for a sixth straight month in August, potentially signaling a recession amid large interest rate increases from the Federal Reserve. The Conference Board said on Thursday its Leading Economic Index fell 0.3% last month after decreasing 0.5% in July.
A gauge of future U.S. economic activity declined for a sixth straight month in August, potentially signaling a recession amid large interest rate increases from the Federal Reserve. The Conference Board said on Thursday its Leading Economic Index fell 0.3% last month after decreasing 0.5% in July.
* Weekly jobless claims increase 5,000 to 213,000. * Continuing claims drop 22,000 to 1.379 million. By Lucia Mutikani. The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve's attempt to cool demand with aggressive interest rate increases.
NEW YORK, Sept. 22, 2022 The Conference Board Leading Economic Index® for the U.S. decreased by 0.3 percent in August 2022 to 116.2, after declining by 0.5 percent in July. "The US LEI declined for a sixth consecutive month potentially signaling a recession," Ataman Ozyildirim, Senior Director, Economics, at The Conference Board.
Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago as he announced the central bank's latest interest rate decision on Thursday. INFLATION. While economic growth is slowing globally, inflation continues to surprise to the upside. Producer price increases continue to pass-through to wages and consumer prices globally.
The U.S. current account deficit narrowed sharply in the second quarter amid a surge in goods exports, data showed on Thursday. The Commerce Department said that the current account deficit, which measures the flow of goods, services and investments into and out of the country, contracted 11.1% to $251.1 billion last quarter.
The U.S. current account deficit narrowed sharply in the second quarter amid a surge in goods exports, data showed on Thursday. The Commerce Department said that the current account deficit, which measures the flow of goods, services and investments into and out of the country, contracted 11.1% to $251.1 billion last quarter.
South Africa's central bank raised its main lending rate by 75 basis points to 6.25% in a decision announced on Thursday. The move was as expected by the majority of economists polled by Reuters.
Major central banks have stepped up their fight against runaway inflation, unleashing another 350 basis points of hikes in a pivotal week in which policymakers are determined to show they mean business.
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